Sadbhav Future has been founded in 2020 and led by Bhupender Singh, Nilesh Jain, and Saikat Roy. Sadbhav Future Tech focuses on advanced solar technologies to make clean energy more accessible and efficient. The company specializes in on-grid and off-grid systems such as solar pumps, rooftop installations, and large-scale power plants. With over 50,000 solar pumps installed, the company has played a key role in promoting renewable energy. It aims to impact the lives and livelihood of 1 million farmers over the next 10 years.
SME-focused Chanakya Opportunities Fund has invested an undisclosed amount in Sadbhav Future Tech's Rs 36 crore pre-IPO funding round. Sadbhav Future Tech provides farmers with end-to-end solutions through Solar pumps. The firm said the latest investment aligns with its objective of fostering sustainable and scalable businesses with strong market potential. So far, it has invested around Rs 18 crore in the renewable energy sector. Sadbhav Future Tech claims to have a strong presence across India, operating in states like Maharashtra, Haryana, Chhattisgarh, Madhya Pradesh, Assam, and Rajasthan. "Our goal at Sadbhav Future Tech is to revolutionize solar energy and offer sustainable alternatives for businesses and individuals. This investment from Chanakya Opportunities Fund will help us scale our operations and enhance our technological capabilities," said Saikat Roy, Director of Sadbhav Future Tech." At Chanakya Opportunities Fund, we believe in backing enterprises that drive innovation and sustainability. Sadbhav Future Tech has showcased remarkable growth in the Solar Pump space, and we are excited to support its journey towards expansion," said Kresha Gupta, Founder and Director of StepTrade Share Services.